OKX is back in Nigeria

[IceLincoln]

OKX sent me an email today which let me know that Nigerians have started using the exchange again, the email is about me to verify some information about which I did. I sent small amount of money there and withdraw it using the p2p and it was all successful.

When they stop Nigerians from using their exchange, Nigeria was no more part of the countries that you can select when you want to verify, you can now select on Nigeria. Also you can not deposit on the exchange because it will not give you any receiving addresses. Also you can not use P2P on the exchange. All are now possible on OKX.

Yes they're fully back and all services restored; they cited change in local laws as the reason they stopped their services to Nigeria I'm wondering what changed now.

Old users will go through a mandatory reverifcation - they deleted our KYC database that's good to know.
Binance next???

Oh this is some great news, I’m just getting to hear of this and I’ve been neglecting my mails for a while now, I don’t always check unless I have to. Bad habit I guess I’ll have to improve on it. I just confirmed I received a mail since the 10th of July. I would love to get back to Using OKX they were quite easy and nice for me in my early days.
The mail is requesting for an identity verification to unlock full access.
Binance should do and free us too, Nigeria is a big market place.

[adultcrypto]

As long as you register with any exchange in Nigeria that asks for kyc, nin and even house address just be rest assured that your privacy is not safe.

That's why people patronize private exchanges that are decentralized because your privacy is secured and there is no tracking. Although one has to be careful while dealing with any exchange.

This is one reason I'm not too excited about OKX returning to Nigeria and asking even old users to undergo compulsory KYC. We already have good alternatives like Bybit and Bitget so even if Kucoin, Binance and OKX refused to allow Nigerians use their exchange freely, we will not miss them. I will not be reactivating my account there, there is absolutely no need for that. I'm even trying to reduce the number of platform I perfect KYC in for safety reasons.

[Charles-Tim]

This is one reason I'm not too excited about OKX returning to Nigeria and asking even old users to undergo compulsory KYC.

What was asked was basic verification.

We already have good alternatives like Bybit and Bitget so even if Kucoin, Binance and OKX refused to allow Nigerians use their exchange freely, we will not miss them. I will not be reactivating my account there, there is absolutely no need for that. I'm even trying to reduce the number of platform I perfect KYC in for safety reasons.

You personal document information that you submitted before is still with them. Even you bank account and others that you used for P2P (provided if you used P2P) and other information about you that you submitted on the exchange in the past are still with them and not yet deleted.

[Agbam]

My own now na make dem last ooo, make their hands and leg strong now for we country make any other matter no rise now and them leave us run again.

This might be good news as OKX is one of the reputable exchanges in the world and being back in the Nigerian market space isn’t just good for us but for them too cos Nigeria is one of the biggest if not the biggest in Africa as regards cryptocurrency and strong adoption.

[Futurexxx]

Bybit and Bitget nor go like dis news so.

If truly then no like the news, na their business because them wey be business entity surpose know say competition na part of business, and as a business person wey me I be, I don understand say you must not or you no go fit win all the customers for the market, but na to collect your own share of profit inside the market surpose be your concern. I believe say na so all of these exchange they collect their own share of profit from other countries wey dey crypto friendly, so wetin I dy try talk is that if them like make them like an or make them no like am, competition na part of business, and them need to get used to am as long as them continue doing business.

One good thing about competition is that E go force improvement from your rival, and the customers go be the biggest benefactor as oyibo man call am, so na welcome development be this.

[Tetu100]

My own now na make dem last ooo, make their hands and leg strong now for we country make any other matter no rise now and them leave us run again.

This might be good news as OKX is one of the reputable exchanges in the world and being back in the Nigerian market space isn’t just good for us but for them too cos Nigeria is one of the biggest if not the biggest in Africa as regards cryptocurrency and strong adoption.

This wan way you Yan na the real matter be that because make e no be like say them go just come, then once any small problem bust out them go just run. No be so we need them to come do be that, we want them to dey galant wella to give us the top notch service way we need make everywhere good. And secondly, shebi them dey aware of the scam scam matter wey they happen for P2P trading,  na that particular area we want them to real show how good wey dem be and how possible wey dem fit combat all this small and big problem wey users they encounter each time wey dem they try to trade their asset. To round up the whole matter be say, if all this better things way I talk, na watin them carry for mind to come do as them remembers us then I welcome them with every thing wey dey my mind.

[yixichloro2xx]

As long as you register with any exchange in Nigeria that asks for kyc, nin and even house address just be rest assured that your privacy is not safe.

That's why people patronize private exchanges that are decentralized because your privacy is secured and there is no tracking. Although one has to be careful while dealing with any exchange.

This is one reason I'm not too excited about OKX returning to Nigeria and asking even old users to undergo compulsory KYC. We already have good alternatives like Bybit and Bitget so even if Kucoin, Binance and OKX refused to allow Nigerians use their exchange freely, we will not miss them. I will not be reactivating my account there, there is absolutely no need for that. I'm even trying to reduce the number of platform I perfect KYC in for safety reasons.

The last time i used anything relating to them was their OKX wallet which was available in Nigeria, during Tap-to-earn era in 2024. I've never tested their normal Exchange, before they banned us completely. They thought we will feel the effect if they restricts us, not knowing that we Nigerian can adapt to any situations.  I currently use both Binance and Gate.io (for p2p) which are far better, and trusted than OKX.

These foreign platforms usually underestimate the Nigerian market alot. This is just the same thing that happened with PayPal too, where they banned us for years. Now they are coming back begging us to use their app to transact when we already have multiple fintech platforms.

[Pjcr7]

I received a mail from OKX asking me to verify my account, initially I thought it was a scam message, so I paid no attention to it, the next day I started seeing updates about them being back to Nigeria, it was ten it dawned on me that the mail I received the previous day was legit. I remember me experience with OKX with them being the first exchange I used for crypto transactions when I started this crypto journey just few years ago, it was seamless and user friendly that it was my only preferred exchange. I mined Core, OKX was used to receive it, even the first tap tap on telegram, OKX was used to receive my Notcoin. When the news of them leaving came up due to the crypto restrictions melted on the country by the Buhari government, it was a devastating one but we moved on and some of us joined WhatsApp P2P groups. That's a whole different story and experience on its own. I'm glad they are fully back again.

[Rockson1]

As long as you register with any exchange in Nigeria that asks for kyc, nin and even house address just be rest assured that your privacy is not safe.

That's why people patronize private exchanges that are decentralized because your privacy is secured and there is no tracking. Although one has to be careful while dealing with any exchange.

I think all the exchanges in Nigeria ask for all this you mentioned, do you know any of them that does not? Do we now see why most person do not trust our government, when I was reading through some text in this thread I came across someone that said a clear conscience fear s no accusations according to him or her but that is funny because such persons may not understand the reasons why OGs in this space do not like the idea of KYC, although I will not rule out the fact that some persons do that because of their hidden agenda but their genuine people that understands what our government are capable of doing at anytime, which is the reason why such persons will do any to avoid future drama.

[Frankolala]

Should we put our hopes on Binance coming back to Nigeria. I would have been happy if it was Binance and not OKX because I don't have an account with OKX and I haven't used their exchange for p2p trade. However, for those OKX lovers it's good news. I don't like their service, because they're good exchanges out there better than them.

[Taricoins]

Should we put our hopes on Binance coming back to Nigeria. I would have been happy if it was Binance and not OKX because I don't have an account with OKX and I haven't used their exchange for p2p trade. However, for those OKX lovers it's good news. I don't like their service, because they're good exchanges out there better than them.

Lol 😆 bro na matter of choice na. I believe say Dem still get some persons too wey go even dey happier as na be say na OKX don come back instead of Binance.

Although me sef no really get account with them and I never try their service before but I fit try check out how their platform dey if I fit see something wey dey unique, with the way OKX take come back so this na signs say binance users sef fit happy anytime soon as for me, na bitget get me.

[Charles-Tim]

Should we put our hopes on Binance coming back to Nigeria. I would have been happy if it was Binance and not OKX because I don't have an account with OKX and I haven't used their exchange for p2p trade. However, for those OKX lovers it's good news. I don't like their service, because they're good exchanges out there better than them.

Since those annoying P2P people on Bybit are unable to do their extortion, they are moving to OKX. I hope OKX will noticed this soon and stop it.

Aside that, OKX is a good exchange. It has one of the lowest margin charges. Only the exchange and Bybit I saw up to a year future trading contract. It also has low bitcoin withdraw fee. It has some advantages, but I prefer many exchanges UI than OKX now.

I do not know the reason why people are saying Binance should be available for Nigerians. Binance is still available for Nigerians, only its naira P2P that is not available.